Tank Barge Market Report - February 2016

Following is a breakdown of both foreign and U.S. tank barges officially on the market and available through Marcon. Not included are those barges not officially on the market, which we may be able to develop on a private and confidential basis.

Of the 3,821 barges and 12,982 vessels we currently track, 662 are tank barges with 26 inland and 22 ocean or coastal barges officially on the market for sale. Five of the 26 inland barges are 10 years of age or less. Twelve or 46.2% of the inland barges are 25 years of age or over. The oldest inland tank barge listed is a 68 year old, 14,000BBL deck / tank barge used for oil spill response in the U.S. Northwest. This old lady is counterbalanced by one 3,200mtdw, propelled, foreign-flagged 2015-built 22,000BBL tank barge located in the Far East. Seven double hull inland barges listed in the Americas from 11-30,000BBL capacity were built after 2000.

Of the 22 ocean/coastal barges, three are 10 years of age or less. Thirteen or 59.1% of the ocean & coastal barges are 25 years of age or over with the oldest one, a U.S. flagged, single-hull, 30,000BBL barge, built in 1961 now trading in inland service and probably best suited for deck conversion. This is countered by a 399', 82,000BBL IOM II OPA '90 double hull ATB with 5,150HP tug to be delivered in early 2016.

Eleven of the inland tank barges which Marcon has listed for sale are located in the U.S., followed by seven in Europe, three with undisclosed location, two in the Mediterranean and one each in the Caribbean, the Far East and the Mid-East. Five each ocean / coastwise barges listed for sale are in Southeast Asia and in the U.S., three in Africa, two each in Canada and the Far East and one each in the Caribbean, Latin America, the Mediterranean, the Mid-East and undisclosed location. Twenty-four of the 48 tank barges Marcon has listed for sale worldwide are double hull. Ten of these are U.S. flag of which one is a newbuilding, two are seven years old and the rest are 23-47 years of age. The foreign double-hull barges range from a three year old in Southeast Asia up to 51 years old in Africa.

Commercial Marine Brokers since 1981